RealNews

Why the Dubai deal collapsed

Dubai Ports World, the United Arab Emirates-owned company that was to take over operations at six major US ports, has blinked in the face of strong opposition by Congress and the American public. Sen. John Warner (R) of Virginia, chairman of the Senate Armed Services Committee, announced Thursday afternoon from the floor of the Senate that Dubai Ports World (DPW) would transfer the US operations of the British company it was purchasing – P & O North America – to “a United States entity.” Full Story

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